Tempo SPAC Presentation Deck
Tempo vs. Comparable Companies - Revenue Multiples
ADVANCED MANUFACTURING
FIRM VALUE / 2023E REVENUE
4.3x
5.2x
7.0x
TEMPO
FIRM VALUE / 2022E REVENUE
T
6.7x
II
Bright
Machines
13.4x
DIGITAL MANUFACTURING
12.2x
6.2x
Xometry
Markforged
8.7x
5.9x
4.0x
FATHOM RFAST RADIUS
7.2x
9.5x
3.7x
materialise
4.2x
MEDIAN 5.9x
3.1x
PROTOLABS
3.4x
MEDIAN
8.7x
12.8x
16.6x
10.8x
COGNEX
12.1x
5.7x
3D SYSTEMS
6.0x
MEDIAN 8.2x
1.8x
stratasys
2.0x
Source: Investor Presentations and FactSet. Market date as of October 8, 2021.
Pro forma (PF) figures include the acquisitions of Compass AC Holdings, Inc. ("Advanced Circuits" or "AC") and Whizz Systems, Inc. ("Whizz Systems" or "Whizz") which are expected to close substantially concurrently with the SPAC business combination
and exclude estimates of additional future acquisitions. Excludes $75M Tempo earnout.
1
2 Software peers include: Ansys, Autodesk, Cadence, PTC, and Synopsys.
MEDIAN
9.0x
SOFTWARE
10.9x
SOFTWARE
MEDIAN
12.5x
OCTOBER 2021 46
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